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Allowance for Credit Losses - Allowance and Recorded Investments in Loans (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2019
Allowance for Credit Losses            
Beginning balance $ 1,179,021 $ 1,361,723 $ 1,673,324 $ 1,361,723 $ 441,912  
Transfer from unfunded commitment liability     37,010 151,436 179,085  
Provision for current period 1,194   258,626 (253,805) 428,134  
Loan sale reduction to provision (1,477)   0 (10,335) (161,793)  
Loan transfer from held-for-sale       1,887    
Total provision 283   (258,626) 262,253 (266,341)  
Net charge-offs:            
Charge-offs (50,028)   (46,505) (105,344) (117,454)  
Recoveries 6,978   6,868 14,682 16,386  
Net charge-offs (43,050)   (39,637) (90,662) (101,068)  
Ending Balance 1,160,244 1,179,021 1,929,323 1,160,244 1,929,323  
Allowance            
Ending balance: individually evaluated for impairment 80,495   160,234 80,495 160,234  
Ending balance: collectively evaluated for impairment 1,079,749   1,769,089 1,079,749 1,769,089  
Loans:            
Ending balance: individually evaluated for impairment 1,192,743   1,520,240 1,192,743 1,520,240  
Ending balance: collectively evaluated for impairment 20,014,756   21,502,357 20,014,756 21,502,357  
Provisions for loan losses (463)   234,015 (262,376) 216,084  
Provisions for unfunded loan commitments 69,960   93,261 106,163 146,804  
Total Private Education Loan provisions for credit losses 69,497   327,276 (156,213) 362,888  
Private Education Loan provision for credit losses, other impacts 180   24,611 123 50,257  
Less: provisions for credit losses 69,677   351,887 (156,090) 413,145  
Cumulative Effect, Period Of Adoption, Adjustment            
Allowance for Credit Losses            
Beginning balance         1,584,965  
Day 1 adjustment for the adoption of CECL           $ 1,143,053
Transfer from unfunded commitment liability 24,556          
FFELP Loans            
Allowance for Credit Losses            
Beginning balance 4,318 4,378 4,296 4,378 1,633  
Transfer from unfunded commitment liability     0 0 0  
Provision for current period (2)   173 27 210  
Loan sale reduction to provision 0   0 0 0  
Loan transfer from held-for-sale       0    
Total provision 2   (173) (27) (210)  
Net charge-offs:            
Charge-offs (54)   (84) (143) (310)  
Recoveries 0   0 0 0  
Net charge-offs (54)   (84) (143) (310)  
Ending Balance 4,262 4,318 4,385 4,262 4,385  
Allowance            
Ending balance: individually evaluated for impairment 0   0 0 0  
Ending balance: collectively evaluated for impairment 4,262   4,385 4,262 4,385  
Loans:            
Ending balance: individually evaluated for impairment 0   0 0 0  
Ending balance: collectively evaluated for impairment $ 716,958   $ 754,340 $ 716,958 $ 754,340  
Net charge-offs as a percentage of average loans in repayment (annualized) 0.04%   0.07% 0.05% 0.11%  
Allowance as a percentage of the ending total loan balance 0.59%   0.58% 0.59% 0.58%  
Allowance as a percentage of the ending loans in repayment 0.78%   0.97% 0.78% 0.97%  
Allowance coverage of net charge-offs (annualized) 19.73   13.05 14.90 7.07  
Ending total loans, gross $ 716,958   $ 754,340 $ 716,958 $ 754,340  
Average loans in repayment 546,306   513,418 551,765 553,402  
Ending loans in repayment 548,488   452,617 548,488 452,617  
Private Education Loan provision for credit losses, other impacts (2)   173 27 210  
FFELP Loans | Cumulative Effect, Period Of Adoption, Adjustment            
Allowance for Credit Losses            
Beginning balance         4,485  
Day 1 adjustment for the adoption of CECL           2,852
Transfer from unfunded commitment liability 0          
Private Education Loans            
Allowance for Credit Losses            
Beginning balance 1,173,375 1,355,844 1,515,781 1,355,844 374,300  
Transfer from unfunded commitment liability     37,010 151,436 179,085  
Provision for current period 1,014   234,015 (253,928) 377,877  
Loan sale reduction to provision (1,477)   0 (10,335) (161,793)  
Loan transfer from held-for-sale       1,887    
Total provision 463   (234,015) 262,376 (216,084)  
Net charge-offs:            
Charge-offs (49,900)   (31,779) (105,039) (83,248)  
Recoveries 6,972   5,532 14,675 13,508  
Net charge-offs (42,928)   (26,247) (90,364) (69,740)  
Ending Balance 1,154,540 1,173,375 1,760,559 1,154,540 1,760,559  
Allowance            
Ending balance: individually evaluated for impairment 80,495   160,234 80,495 160,234  
Ending balance: collectively evaluated for impairment 1,074,045   1,600,325 1,074,045 1,600,325  
Loans:            
Ending balance: individually evaluated for impairment 1,192,743   1,520,240 1,192,743 1,520,240  
Ending balance: collectively evaluated for impairment $ 19,285,014   $ 19,965,225 $ 19,285,014 $ 19,965,225  
Net charge-offs as a percentage of average loans in repayment (annualized) 1.16%   0.75% 1.23% 0.91%  
Allowance as a percentage of the ending total loan balance 5.64%   8.19% 5.64% 8.19%  
Allowance as a percentage of the ending loans in repayment 7.79%   12.13% 7.79% 12.13%  
Allowance coverage of net charge-offs (annualized) 6.72   16.77 6.39 12.62  
Ending total loans, gross $ 20,477,757   $ 21,485,465 $ 20,477,757 $ 21,485,465  
Average loans in repayment 14,743,360   14,011,841 14,738,505 15,306,349  
Ending loans in repayment 14,825,375   14,512,723 14,825,375 14,512,723  
Private Education Loans | Cumulative Effect, Period Of Adoption, Adjustment            
Allowance for Credit Losses            
Beginning balance         1,435,130  
Day 1 adjustment for the adoption of CECL           1,060,830
Transfer from unfunded commitment liability 24,556          
Personal Loans            
Allowance for Credit Losses            
Beginning balance     152,673   65,877  
Transfer from unfunded commitment liability     0   0  
Provision for current period     23,929   49,247  
Loan sale reduction to provision     0   0  
Total provision     (23,929)   (49,247)  
Net charge-offs:            
Charge-offs     (14,601)   (33,848)  
Recoveries     1,336   2,878  
Net charge-offs     (13,265)   (30,970)  
Ending Balance     163,337   163,337  
Allowance            
Ending balance: individually evaluated for impairment     0   0  
Ending balance: collectively evaluated for impairment     163,337   163,337  
Loans:            
Ending balance: individually evaluated for impairment     0   0  
Ending balance: collectively evaluated for impairment     $ 772,086   $ 772,086  
Net charge-offs as a percentage of average loans in repayment (annualized)     6.87%   7.13%  
Allowance as a percentage of the ending total loan balance     21.16%   21.16%  
Allowance as a percentage of the ending loans in repayment     22.46%   22.46%  
Allowance coverage of net charge-offs (annualized)     3.08   2.64  
Ending total loans, gross     $ 772,086   $ 772,086  
Average loans in repayment     772,137   869,133  
Ending loans in repayment     727,214   727,214  
Private Education Loan provision for credit losses, other impacts     23,929   49,247  
Personal Loans | Cumulative Effect, Period Of Adoption, Adjustment            
Allowance for Credit Losses            
Beginning balance         145,060  
Day 1 adjustment for the adoption of CECL           79,183
Credit Cards            
Allowance for Credit Losses            
Beginning balance 1,328 1,501 574 1,501 102  
Transfer from unfunded commitment liability     0 0 0  
Provision for current period 182   509 96 800  
Loan sale reduction to provision 0   0 0 0  
Loan transfer from held-for-sale       0    
Total provision (182)   (509) (96) (800)  
Net charge-offs:            
Charge-offs (74)   (41) (162) (48)  
Recoveries 6   0 7 0  
Net charge-offs (68)   (41) (155) (48)  
Ending Balance 1,442 $ 1,328 1,042 1,442 1,042  
Allowance            
Ending balance: individually evaluated for impairment 0   0 0 0  
Ending balance: collectively evaluated for impairment 1,442   1,042 1,442 1,042  
Loans:            
Ending balance: individually evaluated for impairment 0   0 0 0  
Ending balance: collectively evaluated for impairment $ 12,784   $ 10,706 $ 12,784 $ 10,706  
Net charge-offs as a percentage of average loans in repayment (annualized) 2.29%   1.77% 2.59% 1.31%  
Allowance as a percentage of the ending total loan balance 11.28%   9.73% 11.28% 9.73%  
Allowance as a percentage of the ending loans in repayment 11.28%   9.73% 11.28% 9.73%  
Allowance coverage of net charge-offs (annualized) 5.30   6.35 4.65 10.85  
Ending total loans, gross $ 12,784   $ 10,706 $ 12,784 $ 10,706  
Average loans in repayment 11,855   9,265 11,964 7,326  
Ending loans in repayment 12,784   10,706 12,784 10,706  
Private Education Loan provision for credit losses, other impacts 182   $ 509 $ 96 800  
Credit Cards | Cumulative Effect, Period Of Adoption, Adjustment            
Allowance for Credit Losses            
Beginning balance         $ 290  
Day 1 adjustment for the adoption of CECL           $ 188
Transfer from unfunded commitment liability $ 0